Investors lose US$337b as bonds whipsaw on Trump victory
Singapore
GLOBAL bond investors lost US$337 billion in a single day on Wednesday as Donald Trump's election as US president sparked concern that his plan to boost economic growth will lead to a surge in inflation.
The total market value of bonds around the world slid by US$692 billion over the past three days, data compiled by Bank of America Merrill Lynch show, bolstered by speculation that Mr Trump's victory and a Republican-led Congress will lead to a wave of spending. Traders boosted their inflation outlook and increased bets that the Federal Reserve will raise interest rates. Bonds had initially risen on haven demand as …
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